Tatas to kick off project management in defence, aerospace

Written by MG Arun | Mumbai | Updated: Jul 11 2011, 09:02am hrs
Tata Industries, the Tata Group entity which identifies and nurtures new business opportunities, is focussing on contractual project management for aerospace and defence firms. Managing director Kishor Chaukar told FE that the business, to be spearheaded by Tata Industrial Services (TISL), has the potential to generate R1,000-crore revenue every year. The business aims to help foreign firms meet their offset requirements in India. TISL is connected at one end with Indian domestic players, and at the other end with foreign OEMs.